GOLD 0.51% $1,391.7 gold futures

Ridiculously overpriced, page-26

  1. I think the figure could be 120 000 tonnes, rather than 200 tonnes, but a fascinating subject. For those interested check
    http://www.gold-eagle.com/gold_digest/history_gold.html


    S C A R C I T Y
    More unbelievable than its physical characteristics is its scarcity. It is well documented that the world's holdings accumulated during all recorded history to the present is only about 120,000 metric tons. Understandably, it is rather difficult for the average person to relate to this measurement. Suffice it to say that the total world's hoard of the shiny metal will occupy a single cube 60 feet by 60 feet by 60 feet - which is equivalent to the approximate volume of three 12-room homes. This is indeed a small volume of matter to have influenced the toil and destiny of so many people since biblical days. In fact the total world's holdings of the rare metal could be transported by a single solitary oil tanker - that's if Lloyds of London would ever accept the insurance risk on this priceless cargo. The value of this priceless cargo would be approximately $1.4 TRILLION!



 
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